Major Reduction in 2024 revenue !, page-13

The real moat is to be accepted as a process for NI 4301 and JORC. On patent concern and Chinese infringement: it probably explainstheir leasing model to keep control of the units. On the flip side, it is highly capital intensive.

However, their commercialization plan remembers me of the faster horse analogy that Henry Ford was using. The assay model is so antiquated : slicing up core, keeping half in core shacks, bagging the rest and sending it to a lab, wait, wait, wait, wait, and then receive results so it can be communicated to market and maybe adjust the drilling later on. So, they want to speed up the process but keep the same way of doing things.

Treasure did mention Atom (hand held tester) before and also that some drillers were trying to test as drill or something similar. This would be a real game changer that can turn the industry on its head and then I would back up the truck. In the meantime, it still amazes me that they negotiated this huge loan and a sizable raise when the units are piling up in the warehouse. Good for CAPD as MSALABS is expanding with a capital light solution thanks to Chrysos and benefiting from a 100km exclusivity.